DYDX was up by nearly 4% in the last seven days, but trading volume dropped.
Though metrics looked positive, a few market indicators supported the bears.
We have entered the festive season, marking the concluding days of 2023. While several cryptos gave their investors profits with Santa rallies, a few others, including dYdX [DYDX], reacted differently.
Thus, should investors be concerned about the token’s performance, especially over the next few days?
FUD around DYDX is rising!
Santiment recently posted a tweet highlighting the behavior of a few cryptos. As per the tweet, DYDX and several other coins had witnessed a substantial rise in negative sentiment.
If history is to be considered, such incidents are often followed by price bounces.
As markets head into #ChristmasBreak, the coins that have been seeing particularly extreme negative sentiment include $STORJ, $ILV, $LTC, $DYDX. Historically, the assets with the most #FUD correlate with high likelihood of price bounces.
We współpracy z: https://ambcrypto.com/fud-around-dydx-rises-should-you-be-concerned/
